West-Coast Real Estate III A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About West-Coast Real Estate III A/S
West-Coast Real Estate III A/S (CVR number: 38418246) is a company from VARDE. The company recorded a gross profit of -3497.5 kDKK in 2024. The operating profit was -3497.5 kDKK, while net earnings were 5136 kDKK. The profitability of the company measured by Return on Assets (ROA) was 44.8 %, which can be considered excellent but Return on Equity (ROE) was 7.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 94.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. West-Coast Real Estate III A/S's liquidity measured by quick ratio was 3.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -1 342.06 | 4 471.60 | -1 549.00 | -5 110.96 | -3 497.55 |
EBIT | -1 342.06 | 4 471.60 | -1 549.00 | -5 110.96 | -3 497.55 |
Net earnings | 11 275.43 | 8 387.37 | -12 153.99 | -21 240.25 | 5 135.95 |
Shareholders equity total | 20 528.27 | 28 915.65 | 16 761.66 | -4 478.59 | 657.37 |
Balance sheet total (assets) | 162 152.48 | 172 185.58 | 190 363.26 | 138 111.74 | 63 606.89 |
Net debt | 126 563.56 | 129 765.72 | 145 384.22 | 132 012.46 | 57 531.58 |
Profitability | |||||
EBIT-% | |||||
ROA | 9.9 % | 7.5 % | -5.2 % | 18.4 % | 44.8 % |
ROE | 75.7 % | 33.9 % | -53.2 % | -27.4 % | 7.4 % |
ROI | 10.2 % | 7.7 % | 6.1 % | -11.6 % | 7.7 % |
Economic value added (EVA) | -1 111.95 | 4 567.13 | -1 405.64 | -3 492.13 | -1 922.27 |
Solvency | |||||
Equity ratio | 97.8 % | 96.4 % | 95.5 % | 93.2 % | 94.1 % |
Gearing | 672.3 % | 477.6 % | 1003.8 % | -3145.6 % | 9138.5 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.6 | 29.7 | 4.0 | 1.2 | 3.5 |
Current ratio | 3.6 | 29.7 | 4.0 | 1.2 | 6.2 |
Cash and cash equivalents | 11 445.91 | 8 337.47 | 22 863.82 | 8 867.75 | 2 541.61 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | BBB | BBB | BBB |
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